The Most Important Determinants of an Organization's Overall Strategic Position

question 61

True/False

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions, financial position (FP), and competitive position (CP), and the two external dimensions, industry position (IP), and stability position (SP).

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Definitions:

Enzymes

Biological catalysts that speed up chemical reactions in cells without being consumed in the process.

Enthalpy

Enthalpy is a measurement of the total heat content of a system, reflecting the energy needed to create a system and the energy needed to make room for it by displacing its environment.

Entropy

A measure of the disorder or randomness in a system, often associated with the second law of thermodynamics.

Free Energy

A thermodynamic quantity representing the amount of energy in a system that is available to do work.